GYG Gyg Plc

TIDMGYG

RNS Number : 0308P

GYG PLC

05 June 2020

5 June 2020

GYG plc

("GYG", the "Company" or the "Group")

Notice of Annual General Meeting

and

Notice of publication of Annual Report and Financial Statements for the year

ended 31 December 2019

GYG (AIM: GYG), the market leading superyacht painting, supply and maintenance company, announces that it has today sent notice of the Company's 2020 Annual General Meeting (the "AGM") to shareholders. The AGM is due to take place at 10:30 am on 30 June 2020 and will be held at the offices of CMS Cameron McKenna Nabarro Olswang LLP, Cannon Place, 78 Cannon Street, London EC4N 6AF, United Kingdom. A copy of the Notice of AGM is available on the Company's website at https://www.gygplc.com/investor-relations/investor-relations-company-reports/ .

As announced on 15 April 2020, publication of the Group's Annual Report and Financial Statements for the year ended 31 December 2019 (the "2019 Accounts") has been delayed pending greater clarity being provided by the regulators on the uncertainties created by the COVID-19 pandemic. As the Company is currently required to hold its AGM by 30 June 2020 and the 2019 Accounts are not yet available, t he Notice of AGM contains customary AGM resolutions but does not contain a resolution proposing receipt by shareholders of the 2019 Accounts.

The Company does, however, anticipate announcing the results for the year ended 31 December 2019 and the publication of the 2019 Accounts during June 2020, whereupon a further General Meeting to receive the accounts will be called.

Given the current COVID-19 pandemic and the associated UK Government measures, including restrictions on travel and public gatherings, the Company is preparing for the AGM on the basis that members will not be able to attend in person and, as such, all members are urged to register their votes in advance by appointing the chairman of the meeting as their proxy.

The Board is pleased to confirm that as per the update on 15 April in which operations had restarted in Spain and in France during that week, the Group has now restarted operations across all its locations with enhanced health and safety protocols in place.

For further information:

 
 GYG plc                          via FTI Consulting 
  Remy Millott, Chief Executive    Tel: +44 (0) 20 3727 1000 
  Officer 
  Kevin McNair, Chief Financial 
  Officer 
 Zeus Capital Limited (NOMAD      Tel: +44 (0) 20 3829 5000 
  & Broker) 
  John Goold, Dominic King 
  Dan Bate, Nick Cowles, Ben 
  Burnett 
 FTI Consulting (Financial PR)    Tel: +44 (0) 20 3727 1000 
  Alex Beagley 
  Fiona Walker 
  Rafaella de Freitas 
 

Notes to Editors:

GYG is the market leading superyacht painting, supply and maintenance company, offering services globally through operations in the Mediterranean, Northern Europe and the United States. The Company's brands include Pinmar, Pinmar Yacht Supply, and Technocraft. GYG's operations can be divided into three key sales channels:

-- Refit: repainting and finishing of superyachts, normally as part of a refit programme. Revenues also

include scaffolding, containment and the removal   and repair of fittings 
   --        New Build: fairing and painting of new vessels as part of the build process 

-- Supply: the sale and delivery of maintenance materials, consumables, spare parts and equipment primarily to superyachts and trade customers

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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